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  • Article

    Up To 74% FDI Allowed For Headend In The Sky

    Since the beginning of the liberalization policy, India has been witnessing a transformation of its telecom and media regime. In keeping abreast of global trends and technologies,
    IndiaGovernment, Public Sector
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    What Finally Happened In Bharat Aluminium Co. ["BALCO"] v. Kaiser Technical Services?

    Much has been said about the Supreme Court of India ["SCI"] judgment in Bharat Aluminium Co. v. Kaiser Aluminium Technical Service1which has perceivably changed the arbitration regime in India.
    IndiaLitigation, Mediation & Arbitration
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    India Budget Analysis 2018-19

    Earlier today, the Indian Finance Minister ("FM") announced the Budget for financial year ("FY") 2018-19 ("Budget").
    IndiaTax
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    View: Two Tremendous Transitions Too Soon For Digital Payments Industry

    Industry players need a breather after recurring payments revamp. Given that extensive technological, operational and integrational aspects need to be developed, tested and deployed in the payments ecosystem...
    IndiaTechnology
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    The Way Forward: Learnings From Important Intellectual Property Case Laws & Developments From 2014

    The Intellectual Property ("IP") regime in India has undergone various developments in the year 2014 with respect to laws and policies.
    IndiaIntellectual Property
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Allegations Of Fraud Not A Bar To Foreign Seated Arbitration

    In a landmark decision the Supreme Court of India has expressly removed allegations of fraud as a bar to refer parties to foreign seated arbitrations.
    IndiaLitigation, Mediation & Arbitration
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Supreme Court Says It's Unfortunate That Arbitration In India Is Expensive And Time-Consuming

    In Dolphin Drilling Ltd. ("Petitioner") v. M/s. Oil and Natural Gas Corporation Ltd. ("Respondent") 1, the Supreme Court of India ("Court") has, amongst other things
    IndiaLitigation, Mediation & Arbitration
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    CBDT's Sec 56(2)(viia) Flip-Flop - A Black Comedy!

    On December 31, 2018, the Indian Central Board of Direct Taxes ("CBDT") had issued a circular ("Circular 1") providing interpretation of the term ‘receives' in section 56(2)(viia) of the Income Tax
    IndiaTax
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Indian Supreme Court Strikes Down Pre-Deposit Requirement In Arbitration Agreement

    The Indian Supreme Court in M/S Icomm Tele v Punjab State Water Supply & Sewerage Board [Civil Appeal No 2713 of 2019 arising out of SLP (Civil) No 3307 of 2018] ...
    IndiaLitigation, Mediation & Arbitration
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Government Tightens Norms For Foreign Investment In Corporate Bonds

    The Reserve Bank of India and the Securities Board of India has restricted the ability of foreign portfolio investors to invest in Bonds having residual maturity of less than 3 (three) years.
    IndiaCorporate/Commercial Law
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Morgan Stanley Invests In Nspira

    Morgan Stanley Private Equity, a leading private equity investor, through one of its funds, has acquired minority stake for a total consideration of approximately USD 70 million, in Nspira Management Services Private Limited (Nspira), one of India's largest management services companies in the education sector.
    IndiaCorporate/Commercial Law
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Scope Of CSR Spending Expanded Further Under Schedule VII Of The Companies Act

    The Ministry of Corporate Affairs in exercise of its powers under Section 467(1) of the Companies Act, 2013 ("Companies Act") has further amended Schedule VII ("Schedule VII") of the Companies Act
    IndiaCorporate/Commercial Law
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    The Curious Case Of Spice Jet: Why Is SEBI Quiet?

    On February 23, 2015, Ajay Singh acquired a controlling stake of 58.46% in the ailing budget airline, Spice Jet, from Mr. Kalanithi Maran and Kal Airways.
    IndiaCorporate/Commercial Law
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    A New Challenge For India's Technology Sector: Trade Union Registered In Bangalore

    Trade union exclusive to the technology sector registered in Bangalore
    IndiaEmployment and HR
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Using Garden Leave Can Help Take The Edge Off Attrition

    The grass is greener on the other side, human resources managers may soon start hearing, what with attrition rates starting to go up again.
    IndiaEmployment and HR
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Finance Act, 2013 Finally Passed: Foreign Debt Further Encouraged

    Budget 2013 has now been passed by the Parliament and signed into law in India, with a few amendments and this Private Debt and Private Equity in Real Assets Update provides a brief analysis of some of the provisions that have been changed in the Finance Act, 2013 with their impact on the private debt and private equity investments in the real assets industry.
    IndiaFinance and Banking
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Offshore Listing Regime: How To Raise Funds And Monetize Investments

    The initiative to allow unlisted companies to list on offshore markets through the depository receipt mechanism is a major shot in the arm for many sectors.
    IndiaFinance and Banking
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Delhi High Court Deprecates Habit Of Filing Challenges To Awards By Government Companies

    In a dispute relating to construction arbitration in the case of National Highway Authority of India ("NHAI") Vs. M/s. BSC-RBM-PATI Joint Venture ("Contractor"),1 the Delhi High Court...
    IndiaGovernment, Public Sector
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    49% Foreign Investment In Insurance: Automatic… Or Not?

    After a long prolonged battle, the insurance sector was finally opened to 49% foreign investment, with investment above 26% being under the government approval route.
    IndiaInsurance
    Nishith Desai Associates
    Nishith Desai Associates
  • Article

    Media & Entertainment Alerts - September 05, 2014

    The Ministry of Information and Broadcasting has released an advisory with respect to carrying of advertisements, which are in violation of the ASCI Code on all TV channels.
    IndiaMedia, Telecoms, IT, Entertainment
    Nishith Desai Associates
    Nishith Desai Associates

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